El Salvador President: The country's Bitcoin holdings exceed public estimates, with multiple sources of Bitcoin revenue
ChainCatcher news, according to Bitcoin.com, Salvadoran President Nayib Bukele stated that the country's Bitcoin holdings may exceed public estimates. He revealed that since the legalization of Bitcoin as the country's legal tender, El Salvador has generated Bitcoin-related income from various sources in addition to capital gains from purchasing Bitcoin.
Sources include BTC revenue from the passport program, income from converting Bitcoin to dollars for local businesses, BTC mining, and Bitcoin revenue from government services.
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